31. I thought that it was the British banks that led the financing of the Spanish real estate boom?

Spain is target for UK banks

Freitag, 5. Oktober 2007

Spain is beginning to feel the benefits of increased foreign investment in the country, with British financial services providers leading the way.

According to newspaper the Times' online business section, British banks are starting to exploit the immense opportunities presented by the Spanish market, with Barclays' 500 Iberian branches setting the standard.

Banks like Lloyds TSB are now looking to achieve similar expansion by targeting both the large British ex-pat community and also Spanish investors, who the Times claims are particularly savvy in tending to deal with several banks simultaneously.

Being a member of the British Chamber of Commerce in Spain will help Lloyds TSB to establish itself, with the forum boasting 400 members, many of whom are prominent FTSE 100 companies well-established in the Spanish market.